With a sudden surge in the global air traffic within a decade, demands of aircrafts has increased immensely, especially in the commercial sector, blurring the borders among different countries. The commercial aircraft sector is set to witness a strong growth rate owing to the production of next generation aircrafts. Landing gear is one of the crucial systems installed in an aircraft as it supports the weight of an aircraft during operations such as take-off, landing and taxiing. New landing gear systems are being developed, with the innovation in the landing gear technology. These systems are low maintenance and lighter in weight as compared to earlier landing gear systems. The market of landing gear systems is expected to show a strong growth due to the escalating demands of aircrafts which has further resulted in an increased demand of new landing gears.

The increasing demand for the use of lightweight components, especially in the aerospace and defense sector, has pushed the demand for landing gear systems. The aircraft landing gear market is highly influenced by the growing demands of aircrafts in the emerging economies, especially in the Asia Pacific region. This surge thus demands high performance landing gear systems owing to an increase in the air passenger traffic. The key market players are investing in the research and development of the landing gear systems market and are looking forward to expand their facilities to meet the growing demands. The market reported a revenue of $4.84 billion in 2016 with the main landing gear segment accommodating for the highest revenue by 2022.

Innovations in lightweight components technology and use of advanced materials to reduce the fuel consumption has pushed the leading market giants to use advanced materials for the production of landing gear systems. One of the most prominent manufacturers of main landing gear system, Safran Landing Systems, developed a main landing gear for Airbus A350-900 aircraft that has a new design and uses latest technology to obtain high reliability, lower weight and low cost of ownership.

With the boom in landing gear systems market, the Asia Pacific region is expected to dominate the market from 2016-2022, followed by Rest of the World (RoW), Europe and North America. China will dominate the market in the Asia Pacific region as further developments in the landing gear systems are being witnessed in this region. Higher passenger traffic in the Middle East, Latin America and Africa can push the demands of aircrafts in this region during the forecast period. The U.S is the largest market for landing gear systems in North America with big players investing in the research and development of the landing gear market. Similarly the U.K, France and Germany are key players in Europe that witnessed a rise in air traffic.

Some of the key players in the landing gear systems market are Heroux-Devtek, CIRCOR Aerospace, Liebherr Group, Safran Landing Systems, Triumph Group, UTC Aerospace Systems, Merill Technologies Group, Magellan Aerospace, and Eaton Corporation. BIS Research has done an extensive report on the future of ‘Global Commercial Aircraft Landing Gear Market’. The report provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry. For further queries, please write to us at sales@bisresearch.com or call us at: +1 650 228 0182